Jefferies Financial Group restated their hold rating on shares of Lockheed Martin (NYSE:LMT) in a research report report published on Tuesday, February 5th. Jefferies Financial Group currently has a $313.00 target price on the aerospace company’s stock. Jefferies Financial Group also issued estimates for Lockheed Martin’s Q1 2019 earnings at $4.26 EPS, Q2 2019 earnings at $4.66 EPS, Q3 2019 earnings at $4.99 EPS, Q4 2019 earnings at $5.29 EPS, FY2019 earnings at $19.20 EPS, FY2020 earnings at $23.45 EPS and FY2021 earnings at $25.01 EPS.
LMT has been the subject of a number of other reports. Zacks Investment Research lowered shares of Lockheed Martin from a strong-buy rating to a hold rating in a research report on Monday, January 14th. Vertical Group upgraded shares of Lockheed Martin from a hold rating to a buy rating in a research report on Thursday, January 10th. Citigroup cut their target price on shares of Lockheed Martin from $400.00 to $338.00 and set a buy rating for the company in a research report on Monday, January 14th. Barclays lowered their price objective on shares of Lockheed Martin from $369.00 to $325.00 and set an equal weight rating for the company in a research note on Tuesday, December 4th. Finally, Morgan Stanley lowered their price objective on shares of Lockheed Martin from $386.00 to $366.00 and set an overweight rating on the stock in a research report on Wednesday, November 14th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Lockheed Martin presently has a consensus rating of Buy and an average target price of $350.00.
Shares of NYSE:LMT traded up $0.06 during mid-day trading on Tuesday, reaching $309.47. The company had a trading volume of 1,424,425 shares, compared to its average volume of 1,111,725. The company has a current ratio of 1.12, a quick ratio of 0.91 and a debt-to-equity ratio of 8.70. The stock has a market capitalization of $86.78 billion, a PE ratio of 17.34, a price-to-earnings-growth ratio of 2.28 and a beta of 1.02. Lockheed Martin has a one year low of $241.18 and a one year high of $361.99.
Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, January 29th. The aerospace company reported $4.39 earnings per share for the quarter, meeting analysts’ consensus estimates of $4.39. The business had revenue of $14.41 billion during the quarter, compared to analyst estimates of $13.75 billion. Lockheed Martin had a net margin of 9.39% and a return on equity of 726.78%. Lockheed Martin’s revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the business earned ($2.25) EPS. Research analysts predict that Lockheed Martin will post 19.42 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 1st will be paid a dividend of $2.20 per share. This represents a $8.80 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date is Thursday, February 28th. Lockheed Martin’s dividend payout ratio (DPR) is presently 49.30%.
In other news, EVP Richard F. Ambrose sold 6,647 shares of the stock in a transaction dated Wednesday, February 6th. The stock was sold at an average price of $301.34, for a total transaction of $2,003,006.98. Following the transaction, the executive vice president now owns 4,218 shares of the company’s stock, valued at approximately $1,271,052.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Marillyn A. Hewson sold 59,434 shares of the stock in a transaction dated Tuesday, February 26th. The shares were sold at an average price of $306.60, for a total value of $18,222,464.40. Following the transaction, the chairman now directly owns 109,531 shares in the company, valued at approximately $33,582,204.60. The disclosure for this sale can be found here. Insiders have sold a total of 85,186 shares of company stock valued at $26,010,927 over the last ninety days. Company insiders own 0.35% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Massmutual Trust Co. FSB ADV lifted its position in shares of Lockheed Martin by 14.0% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 16,790 shares of the aerospace company’s stock worth $4,396,000 after buying an additional 2,067 shares during the period. Princeton Global Asset Management LLC bought a new position in Lockheed Martin in the 4th quarter valued at $1,045,000. FMR LLC raised its position in Lockheed Martin by 2.7% in the 4th quarter. FMR LLC now owns 2,727,997 shares of the aerospace company’s stock valued at $714,300,000 after purchasing an additional 71,031 shares during the last quarter. Actinver Wealth Management Inc. bought a new position in Lockheed Martin in the 4th quarter valued at $638,000. Finally, Aspire Private Capital LLC bought a new position in Lockheed Martin in the 4th quarter valued at $35,000. 78.88% of the stock is currently owned by hedge funds and other institutional investors.
Lockheed Martin Company Profile
Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.
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